This one cost me a few accounts when started with prop firms. A lot of traders don't actually understand how intraday drawdown works. Or they do, but they ignore it because intraday products are usually cheaper and are now being offered with daily payout plans. Don't take the bait!

With intraday trailing drawdown, your drawdown trails your UNREALIZED P&L. Not your account balance. Every tick price moves in your favor creates a new "account high" even if you never took profit on that trade.

So let's say you have a 50k account with a 2k drawdown. Price moves $2,000 in your favor. Your drawdown floor just moved up. If it comes back to BE, your account is failed.

That's the part most people miss. The strategy that worked great on EOD breaks the second you switch to intraday. Most traders who pick intraday accounts blow them not because they're bad traders, but because their strategy was never designed for that drawdown type. The setup is the same. The rules are the same. The drawdown does something completely different in the background though.

My advice is to always choose EOD unless you've specifically built a strategy around intraday and proven it works.

The cheaper product isn't cheaper if it's harder to pass and keep!

Anyone here use intraday accounts consistently? Curious about how you manage them. 👀

This one cost me a few accounts when started with prop firms. A lot of traders don't actually understand how intraday drawdown works. Or they do, but they ignore it because intraday products are usually cheaper and are now being offered with daily payout plans. Don't take the bait!

With intraday trailing drawdown, your drawdown trails your UNREALIZED P&L. Not your account balance. Every tick price moves in your favor creates a new "account high" even if you never took profit on that trade.

So let's say you have a 50k account with a 2k drawdown. Price moves $2,000 in your favor. Your drawdown floor just moved up. If it comes back to BE, your account is failed.

That's the part most people miss. The strategy that worked great on EOD breaks the second you switch to intraday. Most traders who pick intraday accounts blow them not because they're bad traders, but because their strategy was never designed for that drawdown type. The setup is the same. The rules are the same. The drawdown does something completely different in the background though.

My advice is to always choose EOD unless you've specifically built a strategy around intraday and proven it works.

The cheaper product isn't cheaper if it's harder to pass and keep!

Anyone here use intraday accounts consistently? Curious about how you manage them. 👀

We all know we should have a personal daily loss limit set. What's not talked about enough is when you are in profit and you have to decide what's enough and be done for the day.

Do you have an amount you set? A certain amount of trades? Lmk below ⬇️

As a trader, do not go around telling everyone that you day trade. This is not a journey that people easily support or understand. Regardless if it's family, friends, or partners.

We deal with a lot of emotions in pursuit of trading success and financial freedom. Don't invite even more emotion turmoil by involving others.

Majority of the time this path is meant to be walked alone🚶🏽‍♂️ (Aside from other traders)

Of course I am speaking from my own experience and observations.

Has telling your friends and family been more or less beneficial to your journey as a trader?

The clearest mirror I've seen myself through.

The first one was the addiction to being right. Every trade was a chance to prove something. Not to the market but to myself. I was raised on a story that I wasn't good enough, and somewhere along the way every red trade started feeling like proof of that. So I'd hold losers way longer than I should've, just so I wouldn't have to admit I was wrong. The market doesn't care about your ego. It just charges you for it.

The addiction to control was another one, thinking that when I entered a trade that it was "Suppose" to go to target. I was trying to control a thing that doesn't bend to anyone and getting furious when it didn't. The hours staring at charts weren't analysis. They were me trying to muscle the market into doing what I wanted.

Then there was the dopamine. The rush of quick wins, being right, and feeling smart when TP gets hit is insane. The compulsive checking, even when I was "done" for the day. I'd close winners early just to feel something. I'd open trades I had no business opening because the screen was quiet and I needed noise. That's not trading.

Trading didn't create any of these. It revealed them.

The hard part isn't learning a strategy. The hard part is becoming someone who can run a strategy without sabotaging it because of the stuff you've been carrying for 20 years.

What did trading reveal about you? Like the root issues?

Are we doing the things we set out to do on Sunday - Monday? Journaling? Sizing Properly? Being patient?

If not, we have a moment to reflect and shift gears, and talk about it amongst one another. This is what the locker room is for!

I'll go first below ⬇️

Curious, what's most common strategy traded in the group. 👀

Hear me out. I've done the whole full time trading thing and it's cool but it adds an unnecessary pressure that will inevitably alter your ability to make rational decisions. Since it is now your only form of income, being able to sit on your hands becomes harder, like during the choppy months you should avoid completely. Every dollar lost feels like a threat to your livelihood, and not many people can deal with the uncertainty you have to sit in constantly in order to be a full time trader.

Being a full time trader isn't the goal, financial freedom is and that can be achieved in many ways. Maybe, you could just trade on the side while working a job and buy your time back gradually.

Interested to hear what you guys think?

Hear me out.

Going full time means quitting a stable income to trade with money you actually need. That pressure is what kills accounts faster than anything else. Every trade feels like life or death because it kind of is, and making rational decisions becomes almost impossible.

Trade around a job, stack funded accounts, build slow and buy your time back gradually. Full time isn't the dream, Financial freedom is, and that can be achieved in may ways.

What are your thoughts about trading full time? ⬇️